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saba capital

Steady2 stories1 sourcesLast updated: 4/30/2026
Related Topicsboaz weinsteinedinburgh worldwide investment trustbaillie giffordspacexactivist investinginvestment trustsshareholder voteboard takeover

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Saba Capital Wins Board Control of Edinburgh Worldwide Investment Trust After Shareholder Vote
Developing
Business·4/30/2026AI summary

Saba Capital Wins Board Control of Edinburgh Worldwide Investment Trust After Shareholder Vote

Saba Capital, the activist hedge fund led by Boaz Weinstein, has secured control of Edinburgh Worldwide Investment Trust after shareholders voted Thursday to oust chair Jonathan Simpson-Dent and five other board members, installing three Saba-backed nominees. The victory gives Weinstein's firm control of the Baillie Gifford-run trust, whose largest holding is SpaceX at about 20% of the portfolio. SpaceX, with an imminent IPO, generated a staggering 947% return for EWIT since 2018. Saba plans to reposition the trust toward UK-listed investment trusts and target a single-digit discount to NAV through share buybacks.

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CNBC
Saba Capital's Tender Offers for Non-Traded BDCs Fall Short of Expectations
Developing
Business·4/27/2026AI summary

Saba Capital's Tender Offers for Non-Traded BDCs Fall Short of Expectations

Saba Capital Management's tender offers for shares in non-traded business development companies managed by Blue Owl Capital and Starwood Capital came in below expectations, acquiring only about $10 million in aggregate face value across 190 trades. The Blue Owl OBDC II tender failed to garner more than 1% of what was offered, while most trades came from Starwood's SREIT. The low participation reflects investor reluctance to liquidate at steep discounts amid elevated redemptions across private-credit funds.

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CNBC